First Industrial Realty (FR) Reports Q1 FFO of $0.53
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First Industrial Realty Trust Reports First Quarter 2022 Results
April 20, 2022 4:28 PM EDTCash Same Store NOI Grew 14.4%; Occupancy of 98.0%; Cash Rental Rates Up 12.7%Signed 72% of 2022 Rollovers To-Date at a Cash Rental Rate Increase of 20%Started Five Developments in the First Quarter Totaling 1.3 Million Square Feet, Estimated Investment of $168 Million Announced a Planned Development Start for Second Quarter of 83,000 Square Feet in the Inland Empire, Estimated Investment of $21 MillionIn-Process Developments Plus Planned 2Q22 Start Total $751 Million of Estimated Investment and 6.3 Million Square Feet 2022 FFO Guidance Increased $0.01 at the Midpoint to $2.10 to $2.20 Per... More
